Muze, the first phase of residential offerings at Penang International Commercial City (PICC) integrated development by Hunza Group. This 43-acre development is strategically located within the vicinity of Bayan Baru township, just mere minutes drive away from Penang International Airport. It’s about 10 minutes walking distance to sPICE.

PICC is made up of a few components – Residentials, BPO Offices, a 5 Star Hotel, Hospital and a Shopping Mall. The first residential component, Muze, comprises two 58-storey towers featuring 846 residential units with 10 levels of car parking podium.

Project Name: Muze
Location: PICC, Bayan Baru, Penang
Property Type: Residential
Built-up Area: 1,050 sq.ft. onwards.
Indicative Price: RM800,000 onwards.
Total Units: 846
Estimated Completion: 2022
Developer: Hunza Properties Bhd.

Location Map:

SITE PROGRESS

SITE PROGRESS: Muze @ PICC (Jun 2022)

SITE PROGRESS: Muze @ PICC (Mar 2022)

SITE PROGRESS: Muze @ PICC (Nov 2021)

Proposed concept by SMU Kobay

Penangites will enjoy affordable homes in Batu Maung, near here, when the project slated to begin as early as next year, says Housing and Local Government Minister Zuraida Kamaruddin.

She said the affordable housing project was in the process of selecting developer through open tender.

“The land was previously owned by the Ministry of Agriculture, but all land conversion matters as well as other management matters related to the project will be implemented next year … now we are waiting for developers to start bidding for the project.

“The developer that can come up with a good concept design and good business model will be selected for this housing project,” she told reporters during a visit to the project site in Batu Maung, here today.

She said the construction of affordable homes on a 10 acres of land would be equipped with a variety of facilities including swimming pool, hall, parking bays that were suitable for economic growth.

“For the 10 acres of land, they are planning to build about 1,666 units, priced at RM150,000, RM200,000 and son on, and it will be equipped with good amenities such as swimming pool, football court, parking bays, hall and so on where everyone can share the facilities,” she said.

“It doesn’t really matter where are you from, you can buy this house for RM150,000 or RM300,000 or RM500,000 and you can still share this affordable house,” she said.

She said that there were more issues to be handled by the federal and the state governments in the near future, pertaining to the process of land conversion and documentation.

Project Location:

Source: Bernama

MTT Properties & Development Sdn Bhd is commencing the construction of its latest commercial development, Botanica CT Centre (BCC), in Balik Pulau.

This new commercial development in Botanica.CT will consist of an 80,000-square foot of first supermarket which is TF Value-Mart, first KFC drive-thru restaurant, and first Starbucks drive-thru in Balik Pulau as well as 22 units shop offices. The participation of these iconic brands will enhance BCC’s potential as the future commercial landmark of Balik Pulau while providing an attractive amenity to the surrounding residents. The first and second phase for the hypermarket and drive-thru restaurant will be completed in 12 months.

The double-storey shop offices will offer other retail options for this commercial precinct. It is expected to bring in retail businesses such as F&B outlets, beauty salons, convenient stores etc. The shop lots are estimated to be open for sale early this year.

The groundbreaking ceremony was officiated by Dato’ Hj. Ahmad Zakiyuddin Abdul Rahman, Penang Deputy Chief Minister I, representing Chow Kon Yeow Penang Chief Minister. Also present at the ceremony were Dato’ Seri Kenny Ong, Group Executive Chairman of MTT Group of Companies，Dato’ Seri Mohamed Azahari Mohamed Kamil, Managing Director of QSR Brands, Mr Sydney Quays Group CEO of Berjaya Food Berhad and Mr Ho Mun Hao Chief Executive Officer of TF Value-Mart.

Also attended were YB Dato’ Haji Abdul Halim Haji Hussain Penang State Exco for Domestic & International Trade, Consumer Affairs & Entrepreneurship Development, YB Haji Mohd Tuah Ismail Pulau Betong Assemblyman and YB Zolkifly Md Lazim Telok Bahang Assemblyman.

Strategically located at the intersection of Jalan Sungai Rusa and Jalan Sungai Air Putih. BCC is part of the Botanica.CT garden township located in Balik Pulau where existing completed developments consist of terrace houses, semi-detached houses, bungalows, Botanica Mansion and the Prince of Wales Island International School.

Find out more about Botanica CT Centre

About MTT Properties & Development Sdn. Bhd.
BOTANICA.CT is developed by MTT Properties & Development Sdn Bhd, a subsidiary of the MTT Group of Companies, MTT has a 50 year track record in stevedoring, barging, shipping, total logistics, international freight forwarding, customs brokerage and road transportation. In 2006, Dato’ Seri Kenny Ong, the Group Executive Chairman established MTT Properties & Development Sdn Bhd as part of MTT’s diversification in its business development.

IJM Land Bhd will be building The Light City, a RM4bil integrated mixed-development scheme, in the third quarter of this year.

The project comprises a 1.1 million sq ft retail mall, two international class hotels, a convention centre, office tower, and two condominiums.

IJM Land senior general manager (north) Datuk Toh Chin Leong (pic) told StarBiz that construction work for the project was supposed to start last July.

“We have to redesign the project into two phases because of the soft market.

The first phase of the scheme, now that is broken into two, comprises a retail mall with a 700,000 sq ft gross floor area, an international class hotel, and convention centre, and a condominium project.

“The construction cost for the first phase is estimated to be RM1.5bil.

“As for the second phase, we will study the market conditions first before making a decision, Toh added.

“The second phase comprises a 400,000 sq ft retail mall, an international class hotel, and another condominium project.”

He pointed out that the overall retail mall business in the country was soft.

“In The Light City, the retail mall and hotel business would be back by the convention centre, which is expected to bring in the crowd. The demand for convention centre space is driven by the meeting, incentive, convention, and exhibition market, which is booming in Penang.

“Our location, which is centralised around the airport, free industrial zone, George Town and mainland, will be an added advantage,” he added.

Toh said that IJM Land sales from Penang should contribute about 18% to the group’s sales target for the current financial year ending March 31, 2019.

According to Malaysia Retail Chain Association president Datuk Seri Garry Chua, Malaysia is expected to have close to 700 shopping malls by the end of 2019 with total net lettable area of 170 million sq ft.

There are 560 shopping malls in operation nationwide, while the occupancy for majority of the malls in Klang Valley is between 85% and 87%, Chua added.

Source: TheStar.com.my

The alignment of the proposed Penang Sky Cab cable car project, which will link Seberang Prai to the island, may see some changes.

Chief Minister Chow Kon Yeow said the initial alignment from Penang Sentral in Butterworth to Persiaran Karpal Singh in Jelutong here may be changed to a location closer to the World Heritage Site.

“The project developer, the Malaysian Resources Corporation Berhad (MRCB), had previously obtained approval for the Environmental Impact Assessment (EIA) from the Environment Department – but changes may have to be made.

“The developer has proposed changing the alignment from Butterworth to the Tanjung City Marina on the island, which is closer to the ferry terminal. However, this is still being studied by relevant parties,” he told a press conference here, today.

Chow said the MRCB has yet to set a target date to kick-start the project.

He added that they must also resolve several major issues, including the conservation of heritage sites, and traffic management during the project’s development.

“If the new alignment can be implemented, the cost of construction is expected to be much cheaper, as the cable distance will be shortened,” he added.

In 2015, the Penang government announced the Penang Sky Cab project, which is designed to serve as an aerial link across the Penang channel and decrease Penangites’ dependence on automobiles.

Find out more about Penang Sky Cab project

The project, estimated to cost RM30 million, was initially proposed as a 3km link, and is expected to cater to 1,000 passengers per hour, per direction.

Source: NST Online